vHive Raises $5.5M in Series A funding, Led by Octopus Ventures

HERZLIYA, Israel, Sept. 11, 2019 — (PRNewswire)
—vHive[1], the only software
solution that enables enterprises to digitize their field assets
and operations using autonomous drone hives, announced today a
$5.5 million investment led by
Octopus Ventures, with participation from existing investors
StageOne Ventures and private investors. This funding will support
vHive's mission to expand its customer base and accelerate growth
as well as to further develop its technology leadership.
Zoe Chambers, of Octopus Ventures
has joined the Company's board of directors.

Founded in 2016 by Yariv Geller
and Tomer Daniel, vHive's mission is
to be a trusted partner that enables enterprises to digitally
transform by capturing data from the field and applying analytics
to generate better actionable business insights. Using autonomous
drone hives, enterprises drive their operational efficiencies and
generate new revenue opportunities.

Since its seed investment, vHive has attracted Fortune 500
companies who use its software platform across a variety of
industries and geographies. vHive has enabled its customers to
conduct thousands of drone surveys in industries such as cell
towers, construction, insurance and rail.

Yariv Geller, co-founder and CEO
of vHive[2] said: "Enterprises
are using vHive's software to enable non-expert field employees to
deploy autonomous off-the-shelf drones to digitize their...